Procter & Gamble (P&G) reported a 10% decline in organic sales in the China beauty market due to weak market conditions and challenges faced by SK-II and other Japanese brands. The company expects a return to growth in the next quarter or two. Meanwhile, Ulta Beauty forecasts slower growth in 2024 with a focus on luxury brands like Dior and Chanel. P&G's CEO emphasized the importance of focusing on high-dollar opportunities rather than growth rates.
More EM ≠ faster growth P&G CEO Jon Moeller at CAGNY (22-Feb): "We can't get trapped in growth rates and percentages. We need to be focused on where the dollars are ... While there are international opportunities, the biggest opportunities in absolute terms are right outside… https://t.co/xu9fjpNJzW
EM ≠ growth. P&G CEO Jon Moeller at CAGNY (22-Feb): "We can't get trapped in growth rates and percentages. We need to be focused on where the dollars are ... While there are international opportunities, the biggest opportunities in absolute terms are right outside this… https://t.co/L05qhVXUcJ
#DeepDiveVideo $ULTA The retailer Ulta Beauty forecasts slower growth in 2024, but is it undervalued? New store openings and a focus on luxury beauty brands like Dior and Chanel are part of Ulta Beauty's growth strategy. https://t.co/3Wkh1kQOTj https://t.co/yKZBcujs2H
🇺🇸 Procter & Gamble sales disappoint as price hikes slow down https://t.co/8LBpAZEPU6
[Published in April 2024] 📈 Beauty market keeps thriving: Expected to hit US$9 billion revenue in 2024 with a stellar 18.7% CAGR. Stay tuned for more updates on Indonesia's dynamic beauty commerce landscape: https://t.co/z4rY61UZPm https://t.co/ZfsRPBwxDS
P&G $PG on China Beauty market (FY24Q3 call) "Organic sales were down 10% ... still impacted by weak underlying market conditions and headwinds for SK-II and other Japanese brands" "Some month-to-month improvement ... (but) another quarter or two until we return to growth" $EL… https://t.co/1BaRTBTzNJ
P&G $PG on China Beauty market (FY24Q3 call) "Organic sales were down 10% ... still impacted by weak underlying market conditions and headwinds for SK-II and other Japanese brands" "Some month-to-month improvement ... (but) another quarter or two until we return to growth" https://t.co/X35McXVkVP